2.4 million pilgrims in final Hajj rituals as global Muslims celebrate Eid

Arab News
August 22, 2018

Makkah, Aug 22: More than two million Muslims took part in the symbolic stoning of the devil on Tuesday, the last major ritual of the Hajj pilgrimage that heralded the start of Eid Al-Adha.

Clad in white robes signifying a state of purity, men and women from 165 countries converged on Jamrat to perform the ritual from a three-story bridge.

Large fans sprayed water over the crowd as temperatures climbed to 44C.

Pilgrim Moueeneddine Ahmed, 35, from Bangladesh, complained of the scorching heat but said he was “very excited” to take part in the ceremony.

He also praised the Saudi authorities for maintaining order despite the vast crowd. “There’s a lot of security. Very disciplined,” he said.

In keeping with customs he said he would then “shave his head” and trade the white seamless robe he wore for the Hajj for his “normal clothes.”

Tens of thousands of security forces, including police and civil defense, have been deployed for Hajj, according to Saudi authorities.

Firas Al-Khashani, 33, a pilgrim from Jordan, was equally impressed. “The police assistance and the services were all extraordinary,” he said. 


“It is a beautiful feeling,” said Hazem Darweesh, 31, from Egypt. “The beauty of it is in the difficulty of performing it. It brings you closer to God.

Saudi authorities say 2.37 million pilgrims, most of them from abroad, have arrived this year for the five-day Hajj.

”
King Salman of Saudi Arabia and Crown Prince Mohammed bin Salman received well-wishers on Tuesday at the Royal Court in Mina Palace.


“Our country’s greatest honor is to serve God’s guests,” the king said. “On Eid Al-Adha, I ask God to complete the pilgrims’ Hajj and to perpetuate goodness and peace for our nation and all other countries.”


As pilgrims returned to Makkah to complete the final Hajj rituals, Muslims throughout the world began celebrating Eid Al-Adha — the “feast of sacrifice” commemorating the willingness of the Prophet Ibrahim to sacrifice his son on God’s command.

Palestinians visited the Haram Al-Sharif in Jerusalem’s Old City after morning prayers.

The festival was also celebrated across Africa and Asia. Thousands prayed in a field in the Kenyan capital, Nairobi, in the Somali capital Mogadishu, and at Almaty central mosque in Kazakhstan.

Comments

Noor
 - 
Thursday, 23 Aug 2018

Hajj (literally means pilgrimage) is the fifth and final pillar of Islam and occurs in the month of Dhu'l-Hijjah, which is the twelfth and the last month of the Islamic lunar calendar. It is the journey to Islam’s holiest place Mecca that every sane adult Muslim must undertake at least once in their lives if they can afford it and are physically fit.

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News Network
January 21,2020

Jan 21: Indian policymakers may make it easier for companies to tap foreign funding, as a prolonged cash squeeze makes it tough for firms to borrow at home.

Investors are speculating about potential steps Finance Minister Nirmala Sitharaman could unveil when she presents the nation’s budget on Feb. 1. These measures may include freeing up firms to borrow at higher rates and offering tax breaks to global funds.

“The government will need to relax local rules to make it easier for Indian companies to raise debt overseas and tide over the funding crunch in the onshore market,” said Raj Kothari, London-based head of trading at Jay Capital Ltd. “At the same time, they need to ensure that the borrowers tapping offshore markets abide with stricter corporate governance so as to avoid further defaults.”

A prolonged crisis in India’s shadow bank sector and a pile of bad loans at traditional lenders is making it expensive for Indian companies, other than the best-rated firms, to access funding. The government has tried a series of measures to spur domestic credit, including providing so-called credit enhancement and allowing tiny firms to restructure debt.

Here are some steps Sitharaman may consider to spur foreign borrowing:

• She could raise the cap of 450 basis points above Libor, which limits overall foreign debt costs for Indian companies

• This could help lower-rated firms sell bonds abroad. Indian companies rated BBB currently borrow at more than 10%, about 3.8 percentage points more than their top-rated peers;

• Sitharaman could waive the withholding tax foreign investors need to pay on holdings of rupee-denominated debt sold by Indian companies abroad

• The waiver was offered between September 2018 to March 2019, but wasn’t extended as the highest global interest rates since the financial crisis deterred Indian borrowers. Since then, the three-month Libor has dropped by about 1 percentage point

• She could permit Indian property developers and housing finance lenders to sell overseas bonds for reasons beyond affordable housing projects

• New funding lines to the real estate sector, arguably ground zero of India’s economic slowdown, could help kickstart consumption and investment as the industry is the nation’s biggest job-creator.

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News Network
June 30,2020

Beijing, June 30: China said on Tuesday it was concerned about India’s decision to ban Chinese mobile apps such as Bytedance’s TikTok and Tencent’s WeChat and was making checks to verify the situation.

Chinese foreign ministry spokesman Zhao Lijian told reporters during a daily briefing that (the Prime Minister Narendra Modi-led government of) India has a responsibility to uphold the rights of Chinese businesses.

India on Monday banned 59, mostly Chinese, mobile apps in its strongest move yet targeting China in the online space since a border crisis erupted between the two countries this month.

The apps are “prejudicial to the sovereignty and integrity of India, the defence of India, the security of state and public order", the ministry of information technology said in a statement, which came two weeks after 20 Indian Army personnel were killed in a violent clash on the India-China border in Ladakh.

The companies have been invited to offer clarifications before a government panel, which will decide whether the ban can be removed or will stay.

The move also came ahead of military and diplomatic talks between India and China scheduled this week.

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